NVA 2.78% 17.5¢ nova minerals limited

mmmmm..... there was drilling update Friday last week.......

  1. 2,804 Posts.
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    mmmmm..... there was drilling update Friday last week.... wink.png

    https://hotcopper.com.au/threads/ann-scale-of-korbel-grows-at-block-d-estelle-gold-project.5676281/

    With respect, you are a holder and should at least read the start of threads as every announcement starts a new thread. Or when at the companies HC home page click the announcement tab to see latest announcements.

    As for future announcements... All IMO
    They have so far reported on 16 of 48 holes drilled.
    The assay labs are busy
    Nova has committed to issue a resource upgrade in Dec 20 but that may slip to Jan/Feb.
    IMO the resource upgrade was intended to be on the initial 48 holes.
    That could change and IMO matters little in the big picture.

    In the mean time they are continuing a further 15,000m of drilling this year.
    They also plan another 80,000m drilling in 2021.

    There maybe further interim announcements along the way.

    The goal is to move the resource to Measured & Indicated (a bankable JORC measurement) from Inferred (less accurate JORC Measurement). There is a lot of speculation on how many ounces Nova will have at Estelle. IMO 5m is good 7.5m is great and 10m is... cool.png well, lets not go there just yet.

    GLTAH
 
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